Lane Michael 4

What Happened

• Michael Lane, Executive Vice President of IDEXX Laboratories (IDXX), received multiple restricted stock unit (RSU) awards on Feb 12, 2026 (totaling 8,405 RSU units) and on Feb 14, 2026 converted/exercised derivative awards into common shares. The filing shows conversions/exercises of 204, 220, 301 and 367 share units (1,092 shares total) and a withholding of 221 shares valued at $629.35 each (total $139,086) to satisfy tax/exercise-related obligations.
• These were awards and conversions (codes A = award/grant; M = exercise/conversion; F = shares withheld to pay taxes/exercise price). The awards are derivative RSUs (no cash paid on grant/exercise, reported at $0.00 per share).

Key Details

• Transaction dates: Grants/Awards on 2026-02-12; conversions/exercises and withholding on 2026-02-14. Filing date: 2026-02-17.
• Award amounts (reported as derivative RSUs, acquired at $0): 5,361; 162; 1,262; and 1,620 shares (total 8,405 RSUs).
• Conversions/exercises (M): 204, 220, 301, 367 shares (1,092 shares total). Matching “disposed” line items at $0 reflect net settlement/withholding rather than open-market sales.
• Tax/exercise withholding (F): 221 shares withheld at $629.35 per share (closing price per footnote) = $139,086 withheld to cover tax/exercise liabilities.
• Notable footnotes: several RSU grants are subject to deferred compensation treatment and multi-year vesting schedules (see notes F2, F4, F10–F13). Footnote F3 gives the $629.35 closing price used to value withheld shares. Footnote F1 notes small ESPP holdings and fractional-share rounding. Footnote F5 notes some shares held in spouse’s IRA (disclaimed).
• Filing timeliness: no late-filing flag is indicated in the form.

Context

• These transactions are primarily grant/award-related and conversions of derivative awards, not open-market purchases or voluntary sales. The withholding of 221 shares to cover taxes/exercise obligations is a routine administrative step (F-code) commonly used when RSUs vest or options are exercised.
• For retail investors: awards and net-share settlements are routine compensation events and do not necessarily signal insider buying or selling intentions. Purchases would generally be more informative, but this filing documents compensation-related conversions and standard tax withholding.